Old Harbor Insurance Services LLC (“Old Harbor”), a leading independent insurance brokerage, today announced the successful acquisition of Hagar Insurance Services Inc. (“Hagar”), a well-established Southern California insurance agency known for its specialty commercial programs and long-standing reputation for client-focused service. The transaction closed effective today, May 15, 2026. Terms of the deal were not disclosed.
The acquisition marks a significant milestone in Old Harbor’s strategic growth plan, expanding the company’s presence throughout Southern California, adding a portfolio of differentiated niche commercial programs, and welcoming a loyal base of commercial and personal lines clients into the Old Harbor family.
Carrying Forward a Legacy of Excellent Service
Hagar Insurance Services Inc. was founded by the late Steve Hagar, who built the agency from the ground up on a foundation of integrity, deep client relationships, and uncompromising service. Following an extensive review of potential partners, Lauren Hagar, wife of founder Steve Hagar, selected Old Harbor Insurance Services from a host of suitors to carry the agency forward.
“My husband poured his heart into building this agency, and the relationships he built with clients, carriers, and employees meant everything to him,” said Lauren Hagar. “I spoke with many firms, but Old Harbor stood apart. Their commitment to people, their values, and the way they treat clients reminded me of what Steve worked so hard to create. I’m confident they are the right partner to carry his legacy forward.”
A Strategic Combination
Founded with a commitment to delivering tailored insurance solutions and exceptional customer service, Old Harbor has steadily grown its presence by combining the personalized attention of a local agency with the resources and capabilities of a larger brokerage. The addition of Hagar Insurance Services Inc. — with its specialty commercial programs, diversified book of personal and commercial business, and deep Southern California roots — complements Old Harbor’s existing operations and accelerates its long-term growth strategy.
A key driver of the transaction is Hagar’s portfolio of niche commercial programs, which have been carefully developed and refined over the years to serve targeted industries with tailored coverage, specialized underwriting relationships, and deep technical expertise. These programs represent a meaningful addition to Old Harbor’s commercial capabilities and create immediate opportunities to expand offerings to clients across the combined organization.
“We are thrilled to welcome the Hagar team, their clients, and their carrier partners to the Old Harbor family,” said Christian Richter, CEO of Old Harbor Insurance Services LLC. “What Steve Hagar built is truly special — a respected agency with a wonderful base of commercial and personal clients throughout Southern California and a handful of specialty commercial programs that we are genuinely excited to acquire and continue to grow. We are honored that Lauren chose Old Harbor to carry that legacy forward, and we don’t take that trust lightly. Our commitment to her, to the Hagar team, and to every Hagar client is to honor what Steve created while building on it for the future.”
Continuity and Enhanced Capabilities for Clients
Hagar Insurance Services clients will continue to work with Old Harbor’s trusted account managers and will gain access to Old Harbor’s expanded suite of products, technology platforms, and specialized risk management resources. The specialty commercial programs developed under Hagar will continue to operate, with investment from Old Harbor to support their continued growth and reach.
The combined organization will offer enhanced capabilities across:
- Niche and specialty commercial programs serving targeted industries
- Personal insurance lines, including home, auto, umbrella, and high-value asset coverage
- Commercial insurance for small, mid-sized, and large businesses
- Employee benefits and group insurance programs
- Risk management consulting and claims advocacy
Looking Ahead
The acquisition of Hagar Insurance Services Inc. reflects Old Harbor’s continued commitment to thoughtful, strategic growth through partnerships with high-quality agencies that share its client-first philosophy. With the addition of Hagar’s Southern California presence and specialty commercial programs, Old Harbor is well positioned to continue expanding its capabilities, geographic reach, and service offerings in the months and years ahead.
About Old Harbor Insurance Services LLC
Old Harbor Insurance Services LLC is an independent insurance brokerage providing a comprehensive range of personal, commercial, and specialty insurance solutions. Built on a foundation of trusted relationships and tailored advice, Old Harbor partners with leading insurance carriers to deliver competitive coverage options and exceptional service to individuals, families, and businesses. For more information, visit www.oldharbor.com.Â
About Hagar Insurance Services Inc.
Founded by Steve Hagar, Hagar Insurance Services Inc. is a Southern California-based insurance agency offering personal and commercial insurance solutions, including a portfolio of specialty commercial programs. With deep roots in the communities it serves, Hagar has built its reputation on trusted relationships, responsive service, and tailored coverage for clients across a wide range of industries.
Media Contact:
Old Harbor Insurance Services LLC